Monday, May 30, 2011

I Traded Today With Loss


Date of trade: 30 May 2011
I Traded Today With Loss
I actually traded today but busy to post till now.
I longed FCPO Aug 2011 Future Contract on the break up this morning at 3460 for 1 contract then my stop loss was hit this evening at 3432 with a loss of 29 points with 1 point commission added. The market is obviously in a side way mode.

The Loss: RM725 (29points x RM25 x 1contract = RM725)

The balance of my account is RM22,425 after the loss of RM725.
(The details of my account is at My Future Trading Account Records 2011 )

Thursday, May 26, 2011

Stop Loss Triggered At 3424


Date of entry: 25 May 2011
Long FCPO Aug 2011
I initiated long position for FCPO Aug 2011 Future Contract for 1 contract. It is a bullish candle with the low touched moving average high.

Date of exit: 26 May 2011
Stop Loss Triggered At 3424
My stop loss was hit at 3424 with a gain of 39 points with 2 points commission.

The Profit: RM975 (39points x RM25 x 1contract = RM975)


The balance of my account is RM23,150 after the profit of RM975.
(The details of my account is at My Future Trading Account Records 2011 )

Exit FKLI


Date of entry: 26 May 2011
Long FKLI May Contract Early Morning
I longed FKLI May 2011 Future Contract at 1537.5 for 2 contracts. FKLI opened with a gap up and broke above moving averages.

Date of exit: 26 May 2011
Exit FKLI
I exited the trade at 1542.5 with a gain of 4 points with 1 point for commission.

The Profit: RM200 (4points x RMN50 x 2contract = RM200)


The balance of my account is RM13,850 after the profit of RM200.
(The details of my account is at My Future Trading Account Records 2011 )

Monday, May 23, 2011

Long To Take 10 Profit


Date of entry: 23 May 2011
Short FKLI At 1529 - Broke Down
I initiated short position of FKLI at 1529 for 2 contracts. FKLI opened at 1531 and bounded to the high of 1534.5 then went all the way down indicating the weakness of the market.

Date of exit: 23 May 2011
Long To Take 10 Profit
I longed to exit the trade for 10 points gain after deducting 1 point for commission.

The Profit: RM1,000 (10points x RM50 x 2contracts = RM1,000)


The balance of my account is RM13,650 after the profit of RM1,000.
(The details of my account is at My Future Trading Account Records 2011 )

Thursday, May 19, 2011

Exited FKLI As Promised


Date of entry: 19 May 2011
Hello! Long FKLI Again
I longed again FKLI May 2011 Future Contract at 1540.5 for 2 contracts. Similar to yesterday reason, it is a bound. I will be more sensitive this time meaning that any weakness I will be out.

Date of exit: 19 May 2011
Exited FKLI As Promised
I exited my trade at 1538 with a loss of 3.5 points with 1 point added for commission.

The Loss: RM350 (3.5points x RM50 x 2contracts = RM350)


The balance of my account is RM12,650 after the loss of RM350.
(The details of my account is at My Future Trading Account Records 2011 )

Shorted To Take Profit


Date of entry: 18 May 2011
Long FCPO At The Open
I longed FCPO at 3300 for 1 contract on opening bell. It is a gap up.

Date of exit: 19 May 2011
Shorted To Take Profit
I shorted to take profit at 3322 fo 20 points gain after deducting 2 points for commissions.

The Profit: RM500 (20points x RM25 x 1contact = RM500)


The balance of my account is RM22,175 after the profit of RM500.
(The details of my account is at My Future Trading Account Records 2011 )

Wednesday, May 18, 2011

Stop Loss Triggered With 7 Points Loss


Date of entry: 18 May 2011
Long FKLI For Potential Up Trend
I longed FKLI May 2011 Future Contract at 1540.5 for 2 contracts. It is a break up from recent 'down line'.

Date of exit: Same Day
Stop Loss Triggered With 7 Points Loss
My stop loss was hit at 1534.5 with a loss of 7 points including 1 point for commission. The trade was done at 15:45.

The Loss: RM700 (7points x RM50 x 2contract = RM700)


The balance of my account is RM13,000 after the loss of RM700.
(The details of my account is at My Future Trading Account Records 2011 )

Monday, May 16, 2011

Shorted To Close Position Ahead Of Holiday

Date of entry: May 2011
Long FCPO Aug 2011 Future Contract
I longed FCPO Aug 2011 Future Contract 3263 for 1 contract. It is a break up.

Date of exit: Same Day
Shorted To Close Position Ahead Of Holiday
I shorted to close my position ahead of holiday tomorrow at the price of 3266 with a little gain of 2 points (RM50).

The Profit: RM50 (2points x RM25 x 2contracts = RM50)


The balance of my account is RM21,675 after the profit of RM50.
(The details of my account is at My Future Trading Account Records 2011 )

Sunday, May 15, 2011

Late Report - Long To Exit Short Position


Date of entry: 12 May 2011
Short FCPO On Breaking Moving Average
I shorted FCPO July 2011 Future Contract at 3225 for 1 contract. It broke below the moving average low. My short action was done at around 4:45pm, blogspot.com was experiencing some problem not able to post my blog.
Reason To Short 1.The price broke below moving average low (blue line) of 2 hourly chart
Reason To Short 2.The price is still below moving averages of daily chart
Reason To Short 3.Bearish engulfing candle stick bar was formed on the last bar of the day; A confirmation.

Date of exit: 13 May 2011
Late Report - Long To Exit Short Position
I longed to exit my position at 3271 on afternoon opening bell. The market rebounded strongly. I have to cut my loss. This trade cost me 48 points with 2 points commission included.

The Loss: RM1,200 (48points x RM25 x 1contract = RM1,200)


The balance of my account is RM21,625 after the loss of RM1,200.
(The details of my account is at My Future Trading Account Records 2011 )

Note: Blogspot was not able to update on Friday. The server was having some technical difficulty and on Saturday my post was missing.

Wednesday, May 11, 2011

Exit On 10 Points Target


Date of entry: 10 May 2011
Long FKLI May 2011 Future Contract Too
I longed FKLI May 2011 Future contract at 1522.5 for 2 contracts. It is also a break up from moving average high.

Date of exit: 11 May 2011
Exit On 10 Points Target
The price hit my target of 1533.5 for the gain of 10 points after deducting 1 point for commission. There is no strong reason to sell accept that I want to feel the profit. This is important for me specially after experiencing string of losses.

The Profit: RM1,000 (10points x RM50 x 2contracts = RM1,000)


The balance of my account is RM13,700 after the profit of RM1,000.
(The details of my account is at My Future Trading Account Records 2011 )

Tuesday, May 10, 2011

Short To Close FCPO


Date of entry: 10 May 2011
Long FCPO July 2011 Future Contract
I longed FCPO May 2011 future contract at 3259 for 1 contract. It is a break up of moving average high.

Date of exit: Same Day
Short To Close FCPO
I shorted to exit the trade at 3255 with a loss of 5 points with 1 point for commission.

The Loss: RM125 (5points x RM25 x 1contract = RM125)


The balance of my account is RM22,825 after the loss of RM125.
(The details of my account is at My Future Trading Account Records 2011 )

Wednesday, May 4, 2011

Close FKLI Short Position For Small Profit


Date of entry: 4 May 2011
Shorted FKLI May 2011 Future Contract
I initiated short position of FKLI May 2011 Future Contract at 1520.5 for 2 contracts. It is a sell down.

>Date of exit: Same Day
Close FKLI Short Position For Small Profit
I exited FKLI Short Position at 1515.5 for 4 points gain of each contract after deducting 1 point for commission. The formation of bullish candle could mean a temporary resting of down trend.
I maybe wrong but one thing is confirmed; My Little Profit : )

The Profit: RM400 (4points x RM50 x 2contract = RM400)


The balance of my account is RM12,700 after the profit of RM400.
(The details of my account is at My Future Trading Account Records 2011 )

Exited For 10 Points Gain Only


Date of entry: 3 May 2011
Shorted FCPO - Broke Below Opening Price
I shorted FCPO July 2011 future contract at 3273 before the market closed for 1 contract.
Reason To Short 1. The price broke below opening price
Reason To Short 2. The price stayed below moving averages of high and low both 2 hourly chart and daily chart.

Date of exit: 4 May 2011
Exited For 10 Points Gain Only
I longed to exit my position for a little gain of 10 points after deducting 2 points for commission.
It is a disappointing trade as the price did not continue on the downside.

The Little Profit: RM250 (10points x RM25 x 1contract = RM250)


The balance of my account is RM22,950 after the profit of RM250.
(The details of my account is at My Future Trading Account Records 2011 )